(UPDATE: 3:06 p.m. EDT): Former Patriots tight end Aaron Hernandez has been formally charged with the murder of Odin Lloyd. During the arraignment, the state prosecutor stated that Hernandez "orchestrated the execution," and recommended that he be held without bail. Lloyd's body was found June 17 in an industrial park, less than one mile from Hernandez's North Attleboro home. According to prosecutors, he suffered multiple gunshot wounds to his torso, arms, and chest. The fatal shots were allegedly fired when Lloyd fell to the ground. Authorities do not believe that robbery was a motive, as Lloyd was found with all of his possession intact.

In addition to the single count of murder, Hernandez faces several illegal firearms charges. He will plead not guilty to all charges, and will be held without bail.

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Former New England Patriots star Aaron Hernandez is being arraigned Wednesday afternoon on charges related to the murder of Odin Lloyd, a 27-year-old semi-pro football player. The arraignment is scheduled for 2 p.m., just hours after Hernandez was arrested at his home in North Attleboro, Mass.

Boston CBS affiliate WBZ will have a live feed of both the arraignment itself and a subsequent press conference, where authorities are expected to announce the formal charges against Hernandez. You can watch WBZ’s live stream of the Hernandez arraignment and press conference here. The arraignment itself will take place shortly after 2 p.m., with the press conference following immediately.

On Wednesday morning, Deadspin noted that the Patriots tight end would likely face (at minimum) charges of obstruction of justice, stemming from allegations that he had destroyed evidence related to the Lloyd murder investigation. In the days preceding his arrest, ABC News reported that Hernandez had intentionally smashed his cell phone, hired house cleaners to scrub his mansion, and destroyed his home security system.

Hernandez was escorted out his North Attleboro home in handcuffs by Massachusetts State Police. Although several outlets obtained footage of Hernandez’s arrest, authorities did not confirm the event until around 9:30 a.m. EDT Wednesday. “Hernandez arrested at his home this morning shortly after MSP obtained arrest warrant,” the force confirmed on an official Twitter account.

Shortly after news of the arrest broke, the New England Patriots announced that they had decided to release Hernandez. The 23-year-old rising star had signed a five-year, $40 million contract extension last August.

Hernandez was tied to Lloyd’s murder when authorities discovered a rental car registered to his name near where the body was discovered. In addition, Hernandez was spotted partying with Lloyd on the night of his death, and messages obtained from Lloyd’s phone made mention of Hernandez.